NVIDIA named Chief Financial Officer Colette Kress interim CEO on November 12 after Jensen Huang resigned. Huang stepped down immediately as chief executive, president, and a board member. Kress keeps her finance role during the search for a permanent CEO.
The board named Harvey C. Jones as its chair and will consider candidates from inside and outside the company. Jones said the board expects NVIDIA to keep its commitments to customers and continue with its product roadmap. The board had announced an independent investigation on November 8 after reports that a foreign intelligence effort had targeted Huang. The transition announcement gave no findings from that inquiry.
What the November 17 report can tell you
NVIDIA kept the earnings release at about 1:20 p.m. Pacific time on November 17, with a call at 2 p.m. The company’s October notice says the quarter closed on October 25, before the handoff.
In August, NVIDIA forecast third-quarter revenue of $108.0 billion, give or take 2%. Multiplying $108.0 billion by 0.98 and 1.02 puts that range at $105.84 billion to $110.16 billion. NVIDIA’s forecast excluded Data Center compute revenue from China.
The reported figure will show where the business stood against that range before the leadership change. For the months after the handoff, look at the next quarter’s guidance and any dates NVIDIA gives for Vera Rubin deployments. The August release named cloud partners that were already running Rubin racks. A deployment update with a partner, a date, and a workload would give capacity-planning teams something they can check with their own provider.
Abdessalam Alaoui
I'm Abdessalam Alaoui, founder of Musthave.AI. I write practical guides to AI models, tools, generative media.
